GBPUSD--Friday, June 11, 2010
As can be seen on this hourly chart, a minor impulsive move to the upside completed itself in the first few hours of European trading this morning.
The 2.618 target was met mid-day New York time on Wednesday. This morning there was a brief spike above the 4.236 target right after the London open, but there was no close, even on a 30 minute chart, above the target level.